Garcia Hamilton & Associates LP DE decreased its stake in shares of FedEx Corporation (NYSE:FDX) by 39.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,202 shares of the shipping service provider’s stock after selling 2,065 shares during the period. Garcia Hamilton & Associates LP DE’s holdings in FedEx Corporation were worth $696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of FedEx Corporation by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock valued at $4,018,446,000 after purchasing an additional 492,840 shares in the last quarter. BlackRock Inc. boosted its stake in shares of FedEx Corporation by 1,912.1% during the 1st quarter. BlackRock Inc. now owns 14,823,307 shares of the shipping service provider’s stock valued at $2,892,768,000 after purchasing an additional 14,086,601 shares in the last quarter. FMR LLC boosted its stake in shares of FedEx Corporation by 0.3% during the 2nd quarter. FMR LLC now owns 4,530,154 shares of the shipping service provider’s stock valued at $984,539,000 after purchasing an additional 15,382 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of FedEx Corporation by 0.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,659,103 shares of the shipping service provider’s stock valued at $795,260,000 after purchasing an additional 13,383 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of FedEx Corporation by 16.1% during the 2nd quarter. Capital World Investors now owns 3,614,899 shares of the shipping service provider’s stock valued at $785,626,000 after purchasing an additional 501,617 shares in the last quarter. 76.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FedEx Corporation (NYSE FDX) opened at $218.15 on Friday. FedEx Corporation has a twelve month low of $182.11 and a twelve month high of $231.35. The company has a market cap of $58,496.49, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 1.37 and a beta of 1.37. The company has a current ratio of 1.63, a quick ratio of 1.57 and a debt-to-equity ratio of 0.91.

FedEx Corporation (NYSE:FDX) last announced its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. The business had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.35 billion. During the same period in the prior year, the company posted $2.90 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. equities research analysts predict that FedEx Corporation will post 12.47 EPS for the current year.

In other news, insider Henry J. Maier sold 11,150 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total value of $2,547,329.00. Following the completion of the sale, the insider now directly owns 36,747 shares of the company’s stock, valued at $8,395,219.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Donald F. Colleran sold 10,000 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the executive vice president now directly owns 30,499 shares of the company’s stock, valued at $6,709,780. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,094 shares of company stock valued at $9,024,637. 8.45% of the stock is owned by corporate insiders.

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FDX has been the topic of several research reports. Vetr lowered shares of FedEx Corporation to a “sell” rating and set a $204.84 price objective on the stock. in a research note on Thursday, August 31st. BMO Capital Markets reissued a “buy” rating and set a $245.00 price objective on shares of FedEx Corporation in a research note on Wednesday, September 6th. BidaskClub lowered shares of FedEx Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research lowered shares of FedEx Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Finally, Bank of America Corporation reissued a “buy” rating and set a $247.00 price objective (up previously from $240.00) on shares of FedEx Corporation in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $228.56.

FedEx Corporation Company Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

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Institutional Ownership by Quarter for FedEx Corporation (NYSE:FDX)

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